BANK LOANS continued AR TELKOM 2015 ENG.1

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the Year Then Ended Figures in tables are expressed in billions of Rupiah, unless otherwise stated 75

21. NON-CONTROLLING INTERESTS continued

Material partly-owned subsidiary As of December 31, 2015 and 2014, the non-controlling interest which is considered material to the Company is non-controlling ownership interest in Telkomsel amounting to 35 Note 1d. The summarized financial information of Telkomsel below is provided based on amount before elimination of intercompany balances and transactions. Summarized statement of financial position 2014 2015 As restated Current assets 25,660 20,465 Non-current assets 58,426 58,887 Current liabilities 20,020 19,270 Non-current liabilities 12,565 8,604 Total equity 51,501 51,478 Attributable to: Equity holders of parent company 33,477 33,463 Non-controlling interest 18,024 18,015 Summarized statement of profit or loss and other comprehensive income 2014 2015 As restated Revenues 76,055 66,252 Operating expenses 46,429 40,683 Other income 105 151 Profit before income tax 29,731 25,720 Income tax expense - net 7,363 6,329 Profit for the year from continuing operations 22,368 19,391 Other comprehensive income - net 29 165 Total comprehensive income for the year 22,339 19,226 Attributable to non-controlling interest 7,818 6,728 Dividend paid to non-controlling interest 7,810 5,464 Summarized statements of cash flows 2015 2014 Operating activities 36,130 30,863 Investing activities 12,951 11,052 Financing activities 19,456 15,563 Net increase in cash and cash equivalents 3,723 4,248 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the Year Then Ended Figures in tables are expressed in billions of Rupiah, unless otherwise stated 76

22. CAPITAL STOCK

2015 Number of Percentage Total Description shares of ownership paid-up capital Series A Dwiwarna share Government 1 Series B shares Government 51,602,353,559 52.55 2,580 The Bank of New York Mellon Corporation 8,161,361,980 8.31 408 Commissioners Note 1b: Hendri Saparini 18,982 Dolfie Othniel Fredric Palit 17,084 Hadiyanto 519,640 Parikesit Suprapto 502,555 Directors Note 1b: Alex J Sinaga 42,723 Heri Sunaryadi 37,965 Indra Utoyo 1,182,295 Muhammad Awaluddin 1,154,755 Honesti Basyir 1,155,295 Herdy Rosadi Haman 37,663 Abdus Somad Arief 37,965 Dian Rachmawan 98,505 Public individually less than 5 38,429,695,633 39.14 1,922 Total 98,198,216,600 100.00 4,910 Treasury stock Note 24 2,601,779,800 - 130 Total 100,799,996,400 100.00 5,040 2014 Number of Percentage Total Description shares of ownership paid-up capital Series A Dwiwarna share Government 1 Series B shares Government 51,602,353,559 52.56 2,580 The Bank of New York Mellon Corporation 9,472,920,180 9.65 474 Directors Note 1b: Indra Utoyo 27,540 Honesti Basyir 540 Dian Rachmawan 60,540 Public individually less than 5 37,100,491,240 37.79 1,855 Total 98,175,853,600 100.00 4,909 Treasury stock Note 24 2,624,142,800 - 131 Total 100,799,996,400 100.00 5,040 The Bank of New York Mellon Corporation serves as the Depositary of the registered ADS holders for the Company